Modified Chaikin OscillatorThis is a modified version of the Chaikin Oscillator. The idea is to find accumulation and distribution phases in the market to identify when institutions are building their positions.
It uses acc/dist but as an oscillator, just like the Chaikin Oscillator, but not to find overbought or oversold areas, but to find trends. It functions like a MACD. It takes a fast moving average of the acc/dist and a slow moving average of the acc/dist, and plots the differense to create the oscillator, and uses a signal line to use for entries.
A strong signal is when the oscillator crosses the signal line while the signal line is on he right side of 0. So a crossover (long) when the signal line is below 0 woul be a weak signal, while a crossover (long) when the signal line is above 0 would be a strong signal.
By default, tick volume is discarded in the calculation, which makes this version behave a bit differently than the standard Chaikin Oscillator. This is because the indicator is mostly used to trade CFD's. If used to trade stocks for example, it is better to include the volume by unchecking that checkbox in the indicator settings.
BRIGHT GREEN = Strong signal LONG (signal line is above 0)
DARK GREEN = Weak signal LONG (signal line is below 0)
BRIGHT RED = Strong signal SHORT (signal line is below 0)
DARK RED = Weak signal SHORT (signal line is above 0)
Trendtrading
Ehlers Fractal Adaptive Moving Average with Bands [Bitcoinduke]FRAMA – What is it?
Fractal Adaptive Moving Average Technical Indicator ( FRAMA ) was developed by John Ehlers, code was implemented by TradingView user Shizaru. I've updated it to Pine Script 4 and added Bands Extension.
This indicator is constructed based on the algorithm of the Exponential Moving Average , in which the smoothing factor is calculated based on the current fractal dimension of the price series.
Advantages:
possibility to follow strong trend movements
determine moments of price consolidation ( FRAMA sufficiently slow down at these moments)
FRAMA + Bands
The FRAMA serves as a base for the Upper and Lower Bands which are used as a way to measure volatility by observing the relationship between the Bands and price. Typically the Upper and Lower Bands are set to two standard deviations away from the FRAMA ; however it should be adjusted depending on the task.
Pivot Reversal Strategy - FIGS & DATES 2.0Simple Pivot Reversal Strategy with some adding settings.
Date Range: To test over specific market conditions.
Initial Capitol: $10K - This is a more realistic representation of funds used this strategy (for me anyway). The default of $100K can give different results (usually better) than when using a smaller balance.
Order Size: 100% Equity - These trend following strategies typically used this way, going all in each direction.
Commission: .075% - It's always disheartening to think you've found a ridiculously good setting, and then realize you forgot to add the commission.
All of these settings can be changed, but it's easier for me (and more fool proof) to have them set as default.
Signal To Noise Ratio IndicatorThis is a trend indicator at its core so combine with rsi or a moving average of your choice to see which direction the stock is trending in.
Only enter a position (long or short) when signal to noise ratio is above the signal line
This is one of my first indicators posted on here so be sure to leave me feedback
QuantNomad - SuperTrend - XBTUSD - 1mInteresting performance for Super Trend strategy for XBTUSD 1m chart.
Params: ST Mult: 2, ST Period 14.
Performance: 144% profit, 1988 trades, only 41% prof, 2.04% dd , 2.51 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
And remember:
Past performance does not guarantee future results.
QuantNomad - SuperTrend - TSLA - 1mInteresting performance for Super Trend strategy for Tesla ( TSLA ) 1m chart.
Params: ST Mult: 3, ST Period 120.
Performance:61% profit, 637 trades, only 33% prof, 4.84% dd , 0.4 Sharpe.
On its own, it might be not a very good strategy, but the big amount of trades allows you to add more filters and improve it.
The strategy is not bad both with "when" params when strategy executed on open of next bar and with stop orders when strategy enters on exact Super Trend level.
You can comment/uncomment lines in the code and switch from one approach to another.
And remember:
Past performance does not guarantee future results.
Sentiment Zone OscillatorHere's a (forgotten but still useful) Sentiment Zone Oscillator. The Sentiment Zone Oscillator takes a sum of positive price candles over a user-specified window length. Normally, a triple exponential moving average of the sum is used, but we opted to just go with a double EMA for the sake of more responsiveness. When the histogram is green it is bullish and red/pink means bears.
Double EMA + ATR Trend FollowerThis indicator consists of a fast and slow EMA (default lengths are 50 and 9 periods) and an upper and lower ATR band. When combined, this combination gives traders an accurate picture of both trend strength and direction.
Users can modify the lengths of the fast and slow EMA , as well as the multipliers and length for the upper and lower ATR bands.
Higher High Lower Low Strategy (With Source Code)This script finds pivot highs and pivot lows then calculates higher highs & lower lows. And also it calculates support/resistance by using HH-HL-LL-LH points.
Generally HH and HL shows up-trend, LL and LH shows down-trend.
If price breaks resistance levels it means the trend is up or if price breaks support level it means the trend is down, so the script changes bar color blue or black. if there is up-trend then bar color is blue, or if down-trend then bar color is black. also as you can see support and resistance levels change dynamically.
If you use smaller numbers for left/right bars then it will be more sensitive.
source code of :
Trend Scores + Volume-Weighted Trend ScoresHere is a simple indicator based on Tushar Chande's TrendScore .
The main purpose of the TrendScore is to determine the strength and direction of a trend, which it does by comparing the current price to the prices within a user-defined window of historical prices.
In the input menu, the user defines the starting and ending period. The current price is then compared to each historical price. If the current price is greater than the given historical price, then the TrendScore is incremented, while it is decremented if it is below the given historical price. TrendScore values fluctuate between a maximum of 100 and a minimum of -100, with 100 meaning that the current price is greater than each historical price in the window and a value of -100 meaning the inverse is true.
We then use the same process to calculate the volume trend score by passing in volume to the 'getTrendScore' function. Lastly, the indicator also also calculates a 'volume-weighted trend score'. This is simply the average of the price trend score and the volume trend score. It is not plotted by default, but users can set the input option to true in the input menu and it will be plotted as a yellow line (as seen in the bottom chart).
The Chart:
The trend scores for price are plotted as a histogram. We've summarized the meaning behind its color changes below:
-If ( trendScore == 100)
then color = dark green
-if ( trendScore < 100 and trendScore is increasing)
then color = light green
-if ( trendScore > 0 and trendScore is DECREASING)
then color = pink
-if ( trendScore < 0)
then color = red
The volume trend score is plotted as a blue line. We felt that using a similar coloring system for the volume trend scores would over-crowd the chart and take away from the simplicity that makes this indicator useful. The volume-weighted trend score is plotted as a yellow line.
The main price bars change color based on the price trend score to make the values easier to visualize as well.
Interpretation:
This is a pretty versatile indicator. We summarized the ways in which traders can use it:
-Enter Long Positions when the trend score crosses zero from negative to positive territory.
-Exit Long Positions when the trend score was previously 100 and begins decreasing (ie bar color changes from dark green to pink).
-Spot bearish divergences when price trend score is 100 or relatively high and the volume trend score decreases significantly.
-Identify bullish divergences when price trend score is relatively low and volume trend score is increasing.
~Happy Trading~
Aroon 3 EMA cross 3 EMA Cross 5 15 and 30 combined with Aroon Indicator,
Red Arrow -> Short
Green Arrow -> Long
Blue Cross -> Close
10/20 MA Cross-Over with Heikin-Ashi Signals by SchobbejakThe 10/20 MA Heikin-Ashi Strategy is the best I know. It's easy, it's elegant, it's effective.
It's particularly effective in markets that trend on the daily. You may lose some money when markets are choppy, but your loss will be more than compensated when you're aboard during the big moves at the beginning of a trend or after retraces. There's that, and you nearly eliminate the risk of losing your profit in the long run.
The results are good throughout most assets, and at their best when an asset is making new all-time highs.
It uses two simple moving averages: the 10 MA (blue), and the 20 MA (red), together with heikin-ashi candles. Now here's the great thing. This script does not change your regular candles into heikin-ashi ones, which would have been annoying; instead, it subtly prints either a blue dot or a red square around your normal candles, indicating a heikin-ashi change from red to green, or from green to red, respectively. This way, you get both regular and heikin ashi "candles" on your chart.
Here's how to use it.
Go LONG in case of ALL of the below:
1) A blue dot appeared under the last daily candle (meaning the heikin-ashi is now "green").
2) The blue MA-line is above the red MA-line.
3) Price has recently breached the blue MA-line upwards, and is now above.
COVER when one or more of the above is no longer the case. This is very important. You want to keep your profit.
Go SHORT in case of ALL of the below:
1) A red square appeared above the last daily candle (meaning the heikin-ashi is now "red").
2) The red MA-line is above the blue MA-line.
3) Price has recently breached the blue MA-line downwards, and is now below.
Again, COVER when one or more of the above is no longer the case. This is what gives you your edge.
It's that easy.
Now, why did I make the signal blue, and not green? Because blue looks much better with red than green does. It's my firm believe one does not become rich using ugly charts.
Good luck trading.
--You may tip me using bitcoin: bc1q9pc95v4kxh6rdxl737jg0j02dcxu23n5z78hq9 . Much appreciated!--
[Backtest]QQE Cross v6.0 by JustUncleLDescription:
This is the Backtest version of the " QQE Cross v6.0 by JustUncleL" Tool, can be used to optimize settings.
[Alerts]QQE Cross v6.0 by JustUncleLDescription:
This is a major upgrade of my original QQE indicator Tool, this version is directed at Forex and Crypto Margin trading. This version can also be used with AutoView/ProfitView Chrome add-on in a semi-automatic (turn on only when conditions are favorable) or automatic way, with Signal to Signal or Signal to Close trading.
This is a Trend following indicator that uses fast QQE crosses to capture swings in direction of the main Trend. Alerts are filtered with Two Moving Average Ribbons and/or Direction of MAs. The QQE or Qualitative Quantitative Estimation is based on the relative strength index (RSI), but uses a smoothing technique as an additional transformation. Three crosses can be selected (all selected by default):
Smooth RSI signal crossing ZERO (XZ)
Smooth RSI signal crossing Fast QQE line (XQ), this is like an early warning swing signal.
Smooth RSI signal exiting the RSI Threshhold Channel (XC), this is like a confirmed swing signal. An optimal Smooth RSI threshold level is between 5% and 10% (default=10), it helps reduce the false swings.
These signals can be selected to Open Short/Long and/or Close a trade, default is XC open trade and XQ (or opposite open) to Close trade.
The (LONG/SHORT) alerts can be optionally filtered by the Moving Average Ribbons:
For LONG alert the Close must be above the fast MA Ribbon and fast MA Ribbon must be above the slow MA Ribbon.
For SHORT alert the Close must be below the fast MA Ribbon and fast MA Ribbon must be below the slow MA Ribbon.
and/or directional filter:
For LONG alert the Close must be above the medium MA and the directional of both MA ribbons must be Bullish.
For SELL alert the Close must be below the medium MA and the directional of both MA ribbons must be Bearish.
This indicator is designed to be used as a Signal to Signal trading BOT in automatic or semi-automatic way (start and stop when conditions are suitable).
For LONG and SHORT alerts I recommend you use "Once per Bar" alarm option
For CLOSE alerts I recommend you use "Once per Bar Close" alarm option
(* The script has been designed so that long/short signals come at start of candles *)
(* and close signals come at the end of candles *)
Double Inside Bar FinderHighlights in blue when an inside bar follows an inside bar. Double inside bars (when used on the daily timeframe) are a way of easily finding equilibrium patterns (i.e. pennant shaped price action) on lower time frames. There is usually a strong move in whatever direction these patterns break, so good to have alerts set up for your favourite markets.
Trend Detection IndexTrend Detection Index indicator script.
This indicator was originally developed by M.H. Pee (Stocks & Commodities V. 19:10 (54-61): Trend Detection Index).
MMI SignalTrend trading strategies filtered by the Market Meanness Index.
This is a port of the experiment described at
www.financial-hacker.com
www.financial-hacker.com
www.financial-hacker.com
www.financial-hacker.com
The Market Meanness Index tells whether the market is currently moving in or out of a "trending" regime. It can this way prevent losses by false signals of trend indicators. It is a purely statistical algorithm and not based on volatility, trends, or cycles of the price curve.
The indicator measures the meanness of the market - its tendency to revert to the mean after pretending to start a trend. If that happens too often, all trend following systems will bite the dust.
Inputs
Price Source: Either open, high, low, close, hl2, hlc3, or ohlc4. The default value is hlc3.
Trend MA Type: Either SMA, EMA, LowPass, Hull MA, Zero-Lag MA, ALMA, Laguerre, Smooth, Decycle. The default value is LowPass.
Trend MA Period: Sets the lookback period of trend MA. The default value is 200.
MMI Period: Sets the lookback period of the Market Meanness Index. The default value is 300.
Fractal and Alligator Alerts by JustUncleLThis is based on two well known Bill Williams Fractal and Alligator strategies.
The following code is an implementation is similar to reversal strategy specified here:
forexwot.com
and another well know Alligator break out strategy.
This was achieved by combining some of the ideas from two other indicators:
True Williams Alligator (SMMA) by the_batman
Fractals and Levels by JustUncleL
There are two types of Fractal + Alligator Strategies included in this indicator:
Fractal Reversal : In an uptrend defined by Low Fractal that is above the Alligator teeth and the Alligator mouth is completed open in an uptrend. The opposite for downtrends. (Green and Red Arrows)
Fractal BreakOut : In an uptrend, at the start of Alligator open we look back for the first Fractal High above Alligator Teeth. Alligator teeth must be above mouth. (Aqua and Fuchsia arrows)
Donchian Channel Alerts R1 by JustUncleLThis idea is based on the Donchain Channel centre line Price action. When price moves from the highest/lowest point, the price will move to the center line first. At this point, the center line acts as dynamic support/resistance and often price will bounce back up. However, if price successfully breaks the centre line (primary entry condition), then prices will tend to catch up to the bottom channel line, many times making further moves in that direction (secondary entry condition).
This script alert idea is designed to be used with Renko (10pip brick recommended) Renko or Heikin Ashi (1 hour recommended) charts. It combines the Donchian Channel centre line price action with a directional coloured EMA (default length 8) to provide entry and exit signals.
There are three options to exit trade:
MA Cross (default exit) = exit occur when price breaks EMA in opposite direction.
Centre Cross = exit occurs when price breaks back passed the centre line in opposite direction.
Brick Colour = exit when a brick/bar paints in the opposite colour to trade direction.
Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIPS:
This type of Trading technique only works well in a trending market. Do not try to trade this technique in a ranging/flat market, wait for market to return to trend or pick another pair.
To get 10pip Bricks set Renko to "Traditional" type bricks and 0.001 for non-JPY currency pairs and 0.1 for JPY currency pairs. Also set chart Time frame to 5min or 15mins.
Renko chart:
Renko+Moving Average+RMI Alert R3 by JustUncleLThis script idea is designed to be used with 10pip brick (recommended) Renko charts. It combines the Renko price action with a directional coloured EMA (default length 6) and a RMI (instead of the usual RSI) indicator to provide entry and exit signals. RMI is bit like RSI with a built-in momentum factor and works well with Renko.
Signals can optionally be filtered by Daily or Weekly Open, where by only trade long above open and short below open (this option is enabled by default). Exit occur when EMA or RMI reverses direction, or optionally (disabled by default) when the Renko prints a brick in the reverse direction. Each Entry and Exit signal creates an Alertcondition that can be picked up by the TradingView Alarm system.
TIP: To get 10pip Bricks set Renko to "Traditional" type bricks and 0.001 for non-JPY currency pairs, and 0.1 for JPY currency pairs. Also set chart Time frame to 5min or 15mins.
References:
TheLark Relative Momentum Index (RMI)
Pullback Trading Tool R5-65 by JustUncleLBy request this is an updated version of the "PullBack Trading Tool": removes experimental "OCC" channel, added option to display ribbons or just single moving average lines, added alert arrows for "PB" exits, added alertcondition for TV alarm subsystem, added some extract options for Pivot points and general cleanup of code.
Description:
This project incorporates the majority of the indicators needed to analyse and trade Trends for Pullbacks, swings and reversals.
Incorporated within this tool are the following indicators:
1. Major industry (Banks) recognised important EMAs in an EMA Ribbon:
Lime = EMA5 (Optional Display)
DodgerBlue = EMA12 (Optional Display)
Red = EMA36 (Optional display)
Green = EMA89
Blue = EMA200
Black = EMA633
2. The 5 EMA (default) High/Low/Close Price Action Channel (PAC), the PAC channel display is disabled by default.
3. Optionally display Fractals and optional Fractal levels
4. Optional HH, LH, LL, HL finder.
5. Optional Buy/Sell "PB" exit Alerts with Optional 200EMA filter.
6. Coloured coded Bar high lighting based on the PAC:
blue = bar closed above PAC
red = bar closed below PAC
gray = bar closed inside PAC
7. Alert condition sent to TradingView's Alarm subsystem for PB exits.
8. Pivot points with optional labels.
9. EMA5-12 Ribbon is displayed by default.
10.EMA12-36 Ribbon is displayed by default
Set up and hints:
I am unable to provide a full description here, as Pullback Trading incorporates a full trading Methodology, there are a number of articles and books written on the subject.
Set the chart to Heikin Ashi Candles (optional).
I also add a "Sweetspot Gold R3" indicator to the chart as well to help with support and resistance finding and shows where the important "00" lines are.
First on a weekly basis say Sunday night or Monday morning, analyse the Daily and Weekly charts to establish overall trends, and support/resistant levels. Draw significant mini trend lines (2/3 TL), vertical trend lines (VTL) and S/R levels. Can use the Pivots points to guide VTL drawing and Fractals to help guide 2/3 TL drawing.
Once the trend direction and any potential major reversals highlighted, drop down to lower timeframe chart and draw appropriate mini Trend line (2/3 TL) matching the established momentum direction. Take note of potential pull backs from and of the EMAs, in particular the EMA5-12 ribbon, EMA12-36 Ribbon and the 200EMA. Can use the Pivots and/or Fractals points to guide your 2/3 TL drawing.
Set a TradingView alarm on the "PBTOOL alert", with the default settings this normally occurs before or during the Break of the manually drawn TL lines.
Once alerted check to see if the TL is broken and is returning to trend away from the EMA lines, this is indicated by bar colour change to trend directional colour.
You can trade that alert or drop down to even lower time frames and perform the same TL analysis there to find trades at the lower TF. Trading at lower TF you will allow tighter Stop loss settings.
Other than the "SweetSpot Gold R3" indicator, you should not need any other indicator to successfully trade trends for Pullbacks and reversals. If you really want another indicator I suggest a momentum one for example: AO ( Awesome Oscillator ), MACD or Squeeze Momentum.
